MAY 2018 UPDATE–Craig Sutherland discloses additional customer arbitration filings and a recent FINRA sanction. See this for more.
ORIGINAL POST-July 2016- Columbus, OH
The FINRA records of Craig A. Sutherland , a stock broker currently employed by Money Concepts Capital Corp , disclose 5 prior final customer disputes and a pending customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
In the pending dispute , a customer claims damages of $300,000 and alleges that her account was over-concentrated in equities and that the investments were unsuitable and misrepresented to her.
In one of the prior finalized customer disputes, FINRA Case #14-1489, a customer alleged damages of $500,000 claiming that investments in a John Hancock Annuity, American Realty Capital Healthcare REIT and Tanzanian Royalty Exploration Co. (TRX) were unsuitable investments. That case was settled for $135,000.
Sutherland has been employed by Money Capital Concepts Corp. since 5/1994.
If you have losses in an account handled by Craig A. Sutherland , you may be able to collect damages from his employer.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
Nationwide Representation
TollFree: 877-224-3199
Florida-561 391 1900
Texas-512-329-2870
